• Chinese shares dropped on worries about swine flu, led by pork producers and airlines. The Shanghai Composite Index closed down 1.8%. Hong Kong shares also took a hit, with the Hang Seng Index shedding 2.7% Monday.

• The American Chamber of Commerce in China said it is concerned about rising protectionism against U.S. businesses, though it also reports that two-thirds of American companies operating in China expect to benefit from Beijing’s $485 billion economic stimulus package.

• Ping An Insurance will vote against the sale of Fortis, in which it owns a 5% stake, to BNP Paribas, according to Chinese media reports.

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• Chinese regulators said Mitsubishi Rayon’s takeover of Lucite could go ahead if several conditions are met, including Lucite’s divestment of half its production capacity in China.

• A replica of a 16th century Chinese ship sank off Taiwan Sunday after a collision with a larger boat, just one day before completing an epic journey across the Pacific and back. All crew members were rescued.

About China Real Time Report

China Real Time Report is a vital resource for an expanding global community trying to keep up with a country changing minute by minute. The site offers quick insight and sharp analysis from the wide network of Dow Jones reporters across Greater China, including Dow Jones Newswires’ specialists and The Wall Street Journal’s award-winning team. It also draws on the insights of commentators close to the hot topic of the day in law, policy, economics and culture. Its editors can be reached at chinarealtime@wsj.com.